Gemfields Group (LON:GEM) Stock Passes Below 200-Day Moving Average – Should You Sell?

Gemfields Group Limited (LON:GEM) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5.76 and traded as low as GBX 5.15. Gemfields Group shares last traded at GBX 5.50, with a volume of 22,868 shares.

Analyst Upgrades and Downgrades

Separately, Panmure Gordon restated a “buy” rating and set a GBX 13 target price on shares of Gemfields Group in a research report on Friday, December 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 13.

Gemfields Group Trading Up 5.8%

The company has a current ratio of 2.11, a quick ratio of 2.46 and a debt-to-equity ratio of 16.51. The stock has a market capitalization of £94.83 million, a price-to-earnings ratio of -0.59 and a beta of 0.11. The business has a 50 day simple moving average of GBX 5.63 and a 200-day simple moving average of GBX 5.76.

Gemfields Group Company Profile

Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.